Investors should only hold a small part of their portfolio in gold .
This is the view of Adrian Lowcock, senior investment advisor at Bestinvest, who believes that investors should not look at gold as the asset class of old.
According to the recent Gold Demand Trends report from the World Gold Council, demand for gold will remain robust during 2010.
Accelerating demand from India and China, as well as increasing global investment demand driven by continuing uncertainty over public debt and economic recovery will drive this, they said.
However, Mr Lowcock believes that "the current climate makes it very difficult to predict how it will perform".
He added: "Investment now drives gold performance and speculators can just as easily pull out their investment causing gold to become a more volatile asset class."
Meanwhile, Rachel Mason, spokesperson for the Fair Investment Company, claimed recently that consumers need to be sensible when considering whether to take out a credit card .
She urged Britons not to take out such products just because they are offered them.
Gold should only comprise small part of investment porfolio
Gold should only comprise small part of investment porfolio
Thu, 26 Aug 2010
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